Sunset Strip > Trading Day Wrap From Blue Ocean 20170515

Mathan Somasundaram

Deep Data Analytics

Local market recovered from the opening fall before weak China data took the market down to finish flat for the day. The best performers were Telcos, Financials and Energy while Gold, Staples and Property were the worst performers. US/China deals…will get more Beef, Poultry, financial Services, Agri/Bio and Energy access for US producers into China…more competition for Australian producers. Federal Court case on franchise model involving Pizza Hut will make market worry about the implication to all the franchise models like RFG, CTX etc. Oroton has gone into trading halt…market expecting a downgrade…there is value in the brand but likely to see a lot more pain before that emerges.

 

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Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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